Overview
Hack VC Management, LLC (the “Adviser”), a Delaware limited liability company, was
formed in March 2021. Alexander Pack is the Adviser’s founder and principal owner.
The Adviser provides discretionary investment management services (1) through Sybil
Capital Fund I GP LLC, Hack VF 2022 GP LLC, and Hack Seed Fund II GP LLC (each, a
“General Partner” and collectively, the “General Partners”) to privately offered pooled
investment vehicles and (2) to certain special purpose vehicles (each a “Fund” and
collectively, the “Funds”).
The General Partners are subject to the Investment Advisers Act of 1940, as amended (the
“Investment Advisers Act”) pursuant to the Adviser’s registration in accordance with SEC
guidance. This Brochure also describes the business practices of the General Partners,
which operate as a single advisory business together with the Adviser.
The Funds include venture capital funds and other private funds that invest in digital assets
and digital
asset-related startup operating entities and projects, referred to herein as
“Portfolio Companies.” The Adviser’s investment advisory services to the Funds consist
of identifying and evaluating potential investment opportunities, negotiating the terms of
investments, assisting with product launch and strategy, and seeking and consummating
dispositions for such investments.
The Adviser’s advisory services to the Funds, as the Adviser’s clients, are provided
pursuant to the terms of the applicable Fund offering documents, term sheets, investment
management agreements, limited partnership or other operating agreements or governing
documents (collectively, “Governing Documents”). Unless otherwise specifically agreed
to with an underlying Fund limited partner (each an “Investor”), an Investor cannot obtain
services tailored to their individual specific needs.
As of December 31, 2023, the Adviser managed $419,661,020 in regulatory assets under
management on a discretionary basis.